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Mumbai-based facility management company Hands-On Management Services Pvt. Ltd is in talks with prospective investors to sell a majority stake, a company spokesperson told VCCircle.

“The Hands-On management is in the advanced stages of a strategic tie-up with potential investors to expand company operations,” the spokesperson said.

Hands-On was founded in 2012 by Manindra Kumar, Deepa Hegde and Jyoti Jagtap. Kumar, who also founded executive search firm Recruitment World, said he will fully exit Hands-On by selling his stake to Nitin Chandak, a senior executive at a private bank. Chandak will acquire a majority stake while the other two co-founders will retain a minority share.

Hands-On is currently present in Maharashtra and Gujarat, and the acquisition will help it expand its presence across India.

“We have built a strong base for Hands-On. Nitin is passionate about Hands-On and will take the company to the next level,” Kumar said.

The company has around 200 employees and expects to report revenue of Rs 3 crore in 2016-17.

The facility management segment has seen several deals in the past couple of years.